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Need over wants
needs:
are the basic things we need..
like food, clothing, transportation.
wants:
gadgets, expensive cellphones, foods in a expensive resto, buying very huge house, etc.
There is a principle that I learned from the book 'Wealth'
it is said there that we should follow the Pareto principle or 80/20 principle.
From your income, the 80% will be used to satisfy our needs
and 20% will be our savings for our retirement.
Why did I say this? Because I am tired of buying things that I don't need, I have many stuffs in my room. I felt like, I wasted my money through those stuffs.
Instead of putting my money in a bank for an investment.
I'll update you guys about that book, on how to save our money right!
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